CoreWeave Q4 Cautions Amid Contract Delays

2 months ago

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"The next one is data center operator coreweave. So, we're kind of keeping on this AI theme. CRWV. Okay. Its shares have been down as much as 10%. They have a good breakfast. They lowered its annual revenue forecast. It suffered a delay from fulfilling a customer contract. Its CEO said, you know what, fourth quarter results are going to reflect it. But the client, you know, affected by it. He's agreed to adjust delivery schedules, so don't worry about it."

CoreWeave, an AI chip access provider that recently IPO'd, is facing short-term pressures with shares down 10% due to a lowered annual revenue forecast and contract fulfillment delays. The CEO's note on adjusting delivery schedules aims to reassure investors, though near-term earnings could reflect these setbacks.

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